Browsing: Fintech

Fintech and E-commerce sectors witness unprecedented investment surge, though number of deals drop.

Egyptian VC firm Acasia Ventures leads the pre-seed investment round in Balad, a remittance-focused fintech startup in Cairo.

Tarabut Gateway, a leading open banking platform, raises USD 32 million in funding to drive financial innovation in Saudi Arabia

Convergence Partners has acquired a strategic stake in 42Markets Group, an incubator, investor and builder of high-growth specialist businesses in the financial and capital markets sector. 

Smile Identity has announced its acquisition of Appruve, the move is set to expand Smile Identity’s footprint across Africa and consolidate its position as a top provider of digital KYC and identity verification solutions.

YMO is a Guinean fintech in the mobile payment sector that aims to improve financial inclusion. The company aims to use the funds to expand across West Africa.

Hollydesk, an Egyptian expense management fintech, has raised USD 1 million in venture debt financing.

MNT-Halan raises USD 400 million in equity and debt financing from international and regional investors, with more to come.

Tabby, the region’s leading shopping and financial services app, is valued at USD 660 million and targets further growth.

Fintech Galaxy, a UAE-based Central-Bank-regulated open finance platform, has acquired Underlie, an Egyptian open finance banking platform offering APIs to banks and businesses.